Paris Club, India and China are not members of the Paris Club

Paris Club

Context (TH): China will not join the official creditors’ platform negotiating a common debt treatment plan with Sri Lanka.
In May 2023, 17 countries that have extended loans to Sri Lanka formed an official creditor committee to discuss Sri Lanka’s request for debt treatment.
India, Japan, and France co-chaired the official creditor committee.

The Paris Club is an informal group of official creditors, primarily Western nations.
Its role is to find sustainable solutions to the payment difficulties experienced by debtor countries.
As debtor countries undertake reforms to stabilise and restore their macroeconomic and financial situation, Paris Club creditors provide an appropriate debt treatment.
Currently, Paris Club consists of 20 members.
India and China are not members of the Paris Club.